408 E Church StQuitmanMS39355
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Quitman at 408 E Church St, Quitman, MS, 39355 with 5% annual appreciation on a $248,000 basis while $1,816/mo rent supports operations. Total monthly income totals $1,816/mo and a $1,214/mo payment preserves $298/mo for cash returns. Annual cash flow comes to $3,578/yr on $82,212 deployed, and return on cash invested reaches 24.26% in year one. Equity gained on principal adds $1,600/yr, and five-year appreciation sums $68,518 alongside rental yield of 8.79%. Five-year ROI measures 126.13% and total cumulative return in cash totals $103,698.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,816/mo property income versus a $1,214/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39355, Quitman, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,311 (100%) |
| Owner Occupied HU | 2,224 (67.2%) |
| Renter Occupied HU | 545 (16.5%) |
| Vacant Housing Units | 542 (16.4%) |
| Median Home Value | $124,740 |
| Average Home Value | $166,029 |
Housing Distribution
Address Breakdown
Residential
2,867
Single Family
2,833
Multi-Family
34
Businesses
276
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Listed by: Douglas Adams • Crescent Sotheby's International Realty
Mls Name: MLS United
Mls ID: #4132344